LHT still sees solid demand for bizliners
The narrow- and widebody executive VIP completions market has been unaffected by the economic crisis, according to executives for Germany’s Lufthansa Techn

The narrow- and widebody executive VIP completions market has been unaffected by the economic crisis, according to executives for Germany’s Lufthansa Technik. The Hamburg-based completions specialist has had no cancellations since the global recession began, and in fact has received three new letters of commitment from customers in the last six months.

“Interest in customized completions of large aircraft continues to be high,” said Walter Heerdt, senior vice president of marketing and sales for Lufthansa Technik. Despite the troubles in the business aviation industry, Heerdt predicted the market for large VIP completions will experience a “significant increase” in demand in the next several years. “We really don’t expect to see any drastic slowdown in the executive VIP market because of the crisis,” he said at a press conference here yesterday.